DTN Early Word Grains 08/04 05:59

DTN Early Word Grains 08/04 05:59 Grains Weaker on Solid Conditions, Weather December corn is down 3 cents per bushel, November soybeans are down 4 1/4 cents, and September KC wheat is down 2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is down 3 cents per bushel, November soybeans are down 4 1/4 cents, and September KC wheat is down 2 cents. CME Globex Recap: Mixed trade in global stocks overnight with U.S. futures quietly lower ahead of Tuesday's open. Investors continue to watch the unfolding saga between the U.S. and China over the social media app TikTok and what the longer term implications could be for other technology companies. Energy markets are weaker overnight with spot crude sandwiched between the 50 and 200-day moving averages. The U.S. Dollar Index is slightly weaker overnight while precious metals are higher but just below recent highs. Grain markets are lower overnight with large private yield estimates weighing on corn and soybean prices as the market awaits the USDA's first objective yield estimate next week. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 236.08 at 26,664.40 and the S&P 500 up 23.49 at 3,271.12 while the 10-Year Treasury yield ended at 0.563%. Early Tuesday, the September DJIA futures are down 21 points. Asian markets are higher with Japan's Nikkei 225 up 378.28 (1.7%) and China's Shanghai Composite up 3.72 points (0.11%). European markets are mixed with London's FTSE 100 down 1.01 points (-0.02%), Germany's DAX down 46.52 points (-0.37%) and France's CAC 40 up 13.41 points (0.28%). The September Euro is up 0.004 at 1.180 and the September U.S. dollar index is down 0.207 at 93.300. The September 30-Year T-Bond is up 17/32nds, while December gold is up $6.80 at $1,993.10 and September crude oil is down $0.52 at $40.49. Soybeans on China's Dalian Exchange were up 0.15% while soybean meal was up 0.31%.